November 14, 2017 by Canadian Underwriter
Berkshire Hathaway Specialty Insurance (BHSI) has launched a cyber insurance product in Canada that combines cyber liability and breach response coverage with risk management resources for commercial enterprises and financial institutions.
“Our new policy simplifies the complex endeavour of managing cyber exposures for both our business partners and our customers,” suggested Michael Densham, senior vice president of executive & professional lines with BHSI Canada. “We are excited to round out our executive and professional lines offerings with this flexible cyber solution.”
The Professional First Network Security & Privacy Liability Policy is geared towards large commercial enterprises and a range of financial institutions, including insurance companies, credit unions, banks and asset managers.
Policy highlights include:
Policyholders of BHSI also have access to legal experts to help them manage their obligations following a breach; forensic IT services to identify and contain a breach; and public relations and credit monitoring firms to manage the reputational damage that can accompany an incident.